Ingredion Inc. (INGR) intrinsic value & 10-year financials
Ingredion Inc. (INGR) has a Graham intrinsic value of $200.05 per share. At $97.93 on Oct 17, 2026, the stock trades 51% below that value. Over the last 10 fiscal years revenue grew 2.6% a year to $7.2B, with an average return on invested capital of 11.9%.
- Graham intrinsic value
- $200.05
- Share price (Oct 17, 2026)
- $97.93
- Price vs Graham value
- 51% below
- Market cap
- $6.4B
- Revenue (FY2025)
- $7.2B
- Revenue growth (10-yr CAGR)
- 2.6%
- ROIC (10-yr avg)
- 11.9%
- Free cash flow (FY2025)
- $511.0M
INGR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $7.2B | $729.0M | $11.18 | $511.0M | 14.1% | 15.6% |
| FY2024 | $7.4B | $647.0M | $9.71 | $1.1B | 11.9% | 12.7% |
| FY2023 | $8.2B | $643.0M | $9.60 | $741.0M | 11.7% | 14.8% |
| FY2022 | $7.9B | $492.0M | $7.34 | -$148.0M | 9.6% | 11.8% |
| FY2021 | $6.9B | $117.0M | $1.73 | $92.0M | 4.5% | 3.5% |
| FY2020 | $6.0B | $348.0M | $5.15 | $489.0M | 9.7% | 9.4% |
| FY2019 | $6.2B | $413.0M | $6.13 | $352.0M | 10.7% | 11.2% |
| FY2018 | $5.8B | $443.0M | $6.17 | $353.0M | 12.0% | 12.3% |
| FY2017 | $5.8B | $519.0M | $7.06 | $455.0M | 14.4% | 14.3% |
| FY2016 | $5.7B | $485.0M | $6.55 | $487.0M | 14.2% | 13.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Ingredion Inc has demonstrated mature, steady growth, with revenue compounding at 2.7% annually over the past decade.
Ingredion Inc returns on capital have been average, hovering around 11.9% ROIC over the decade.
Over the decade, Ingredion Inc shows that management has aggressively returned capital to shareholders by retiring 12.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Ingredion Inc is modeled at 6.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $200.05 per share.